Menu

ಕನ್ನಡ ePaper

Advertisement

Govt hikes windfall tax on domestic crude, cuts levy on export of diesel, ATF

10:17 AM Sep 16, 2023 | PTI |

The government on Friday hiked special additional excise duty (SAED) on crude petroleum to Rs 10,000 per tonne with effect from September 16.

Advertisement

In the last fortnightly review on September 1, windfall tax on domestically produced crude oil was set at Rs 6,700/tonne.

Besides, the SAED or duty on export of diesel will be cut to Rs 5.50/litre, from Rs 6/litre currently.

The duty on jet fuel or ATF will be reduced to Rs 3.5/litre effective Saturday, from Rs 4/litre currently.

Related Articles

M’luru: Hotelier approaches consumer court after car filled with diesel instead of petrol

Mangaluru: Local artist's oil canvas painting reaches PM Modi

Bidar: Income Tax Dept searches at DCC Bank

John Cena weighs in on Vin Diesel and Dwayne Johnson feud: Only room for one alpha

Belthangadi: 5 arrested for theft from diesel pipeline

Won't have been possible had party not fought against 'tax terrorism' before courts: Congress on relief in I-T notices matter

Infosys to receive Rs 6,329 cr tax refund from I-T dept

Zomato gets service tax demand and penalty order of Rs 184 crore

Fresh I-T notices to Cong: Party to hold nationwide protests over weekend against 'tax terrorism'

Congress can’t be intimidated by ‘tax terrorism’: Karnataka CM Siddaramaiah

SAED on petrol will continue at nil.

Advertisement

India first imposed windfall profit taxes on July 1, 2022.

Tags :

diesel ATF Crude Oil windfall tax

Advertisement

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Next